Swedbank AB invests USD 4.58 million in Global Payments

Following this announcement, Swedbank AB has bought a new position in shares of Global Payments during the first quarter. According to its most recent disclosure with the Securities & Exchange Commission, the fund acquired 34.234 shares of the business solutions provider’s stock, which was valued at approximately USD 4.576.000. 

More information on the announcement

According to defenseworld , several analysts have recently issued reports on the stock, with BMO Capital Markets reducing their price target on shares of Global Payments, from USD 143.00 to USD 128.00, while also setting a market performance rating for the company. Barclays decreased their target price on shares of Global Payments from USD 160 to USD 145.00, while also setting an overweight rating for the company. 

At the same time, TD Cowen lowered their price target on shares of Global Payments from USD 152.00 to USD 125.00, while also setting a buy rating on the stock. Citigroup cut their price objective on Global Payments from USD 163.00 to USD 155.00, setting a buy rating for the company as well. Furthermore, Wells Fargo & Company initiated coverage on Global Payments, issuing an equal weight rating and a USD 100.00 target price on the stock. 

One equities research analyst has also rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the overall stock. The stock currently has a consensus rating of `Moderate Buy` and a consensus target price of USD 145.35.

Shares of NYSE GPN opened at USD 95.62, as Global Payments has a 12-month low of USD 91.60 and a 12-month high of USD 141.77. The company has also a market cap of USD 24.41 billion, a P/E ratio of 18.97, a P/E/G ratio of 0.63, and a beta of 0.98. The business’s 50-day moving average is USD 97.80 and its two-hundred-day moving average is USD 116.38, while the firm has a quick ratio of 0.92, a current ratio of 0.92, and a debt-to-equity ratio of 0.68.

The business solutions provider reported USD 2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of USD 2.41 by USD 0.07. In addition, the business had revenue of USD 2.18 billion for the quarter, compared to the consensus estimate of USD 2.17 billion. Global Payments had a net margin of 13.40% and a return on equity of 11.72%. Furthermore, on average, equities analysts expect that Global Payments will post 11.09 EPS for the current year.